I wouldn't pay for Facebook, but it's worth hundreds of billions of dollars, so I'm not sure this logic entirely computes. Turns out you don't have to pay for s

I wouldn't pay for Facebook, but it's worth hundreds of billions of dollars, so I'm not sure this logic entirely computes. Turns out you don't have to pay for something in order for it to be valuable. A lot of news organizations online are doing fine, and many are making a bunch of money. Granted, they're not making what they used to (because they're the text equivalent of record labels) and the Internet leveled the playing field, but news + ads definitely makes money.